Bitcoin advocate group to fight Basel’s ‘toxic’ treatment of cryptocurrency
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مدعوم بالذكاء الاصطناعيThe Bitcoin Policy Institute aims to influence US regulators to reconsider the Basel framework's treatment of Bitcoin, potentially mitigating negative regulatory impacts on the cryptocurrency. This development could have significant implications for Bitcoin's price and the broader crypto market. The outcome may affect the regulatory environment for Bitcoin and other cryptocurrencies in the US.
A successful lobbying effort by the Bitcoin Policy Institute could lead to a more favorable regulatory environment for Bitcoin, potentially boosting its price and that of other cryptocurrencies. Conversely, if the Basel framework's 'toxic' treatment of cryptocurrency is implemented, it could lead to increased capital requirements for banks holding Bitcoin, potentially pressuring BTC's price and the broader crypto market.
سياق المقال
The Bitcoin Policy Institute wants to ensure “US regulators get Bitcoin’s treatment right” when the Federal Reserve issues proposals to implement the Basel framework.
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